Who this helps:
- 1. Homeowners
- Renting out a room is the single most effective way for homeowners to generate extra income and deal with the current cost of living crisis. It also helps combat the threat of repossession.
- 2. Renters
- There simply aren't enough properties available in the UK. More people renting out rooms means a supply of affordable accommodation, largely for the younger generation, but also for the increasing number of 40- and even 50-somethings who can't afford to rent on their own. With ownership drifting out of the reach of millions we have to provide suitable, affordable alternatives.
- 3. The environment
- Two people living together have a 40% lower carbon footprint (per person) than they would living separately; this rises to 59% for people sharing a 5 bed house.
- 4. The economy
- London and the South-East face acute shortages of affordable housing and businesses are struggling to recruit in these areas. Increased supply keeps rents down and enables people to live where jobs are being created.